Victoria’s Secret & Co. (NYSE:VSCO) Shares Sold by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. lessened its holdings in shares of Victoria’s Secret & Co. (NYSE:VSCO) by 48.6% in the 4th quarter, Holdings Channel reports. The fund owned 56,000 shares of the company’s stock after selling 53,000 shares during the quarter. Polar Asset Management Partners Inc.’s holdings in Victoria’s Secret & Co. were worth $2,320,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. CoreCap Advisors LLC grew its holdings in shares of Victoria’s Secret & Co. by 1,898.1% in the fourth quarter. CoreCap Advisors LLC now owns 2,058 shares of the company’s stock valued at $85,000 after purchasing an additional 1,955 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Victoria’s Secret & Co. by 326.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,197 shares of the company’s stock valued at $92,000 after purchasing an additional 1,682 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in shares of Victoria’s Secret & Co. by 47.1% in the 4th quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the company’s stock valued at $104,000 after buying an additional 800 shares during the period. Pinpoint Asset Management Ltd acquired a new stake in shares of Victoria’s Secret & Co. during the 4th quarter worth approximately $123,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in shares of Victoria’s Secret & Co. during the 4th quarter valued at approximately $204,000. Hedge funds and other institutional investors own 90.29% of the company’s stock.

Victoria’s Secret & Co. Price Performance

Victoria’s Secret & Co. stock opened at $23.56 on Friday. The company has a quick ratio of 0.33, a current ratio of 1.17 and a debt-to-equity ratio of 3.12. Victoria’s Secret & Co. has a 52-week low of $13.76 and a 52-week high of $48.73. The firm has a market cap of $1.85 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 1.15 and a beta of 2.25. The company’s 50 day moving average is $18.91 and its two-hundred day moving average is $30.09.

Victoria’s Secret & Co. (NYSE:VSCO) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $2.60 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.30. The business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.10 billion. Victoria’s Secret & Co. had a return on equity of 44.74% and a net margin of 2.47%. On average, research analysts expect that Victoria’s Secret & Co. will post 2.37 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

VSCO has been the subject of several analyst reports. Bank of America lowered their price objective on Victoria’s Secret & Co. from $40.00 to $35.00 and set an “underperform” rating for the company in a research report on Thursday, January 30th. Wells Fargo & Company reissued an “underweight” rating and set a $15.00 price objective (up from $12.00) on shares of Victoria’s Secret & Co. in a research report on Wednesday. Telsey Advisory Group reduced their price objective on shares of Victoria’s Secret & Co. from $40.00 to $24.00 and set a “market perform” rating on the stock in a report on Thursday, March 6th. BMO Capital Markets lowered their target price on shares of Victoria’s Secret & Co. from $46.00 to $31.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Finally, UBS Group dropped their price target on shares of Victoria’s Secret & Co. from $47.00 to $34.00 and set a “neutral” rating for the company in a research report on Thursday, February 27th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $27.09.

Insider Buying and Selling at Victoria’s Secret & Co.

In other news, major shareholder International Pte Ltd Bbrc acquired 80,328 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were bought at an average cost of $16.78 per share, with a total value of $1,347,903.84. Following the transaction, the insider now owns 9,255,347 shares in the company, valued at approximately $155,304,722.66. This trade represents a 0.88% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have purchased 1,503,973 shares of company stock valued at $26,617,312 in the last quarter. Corporate insiders own 1.10% of the company’s stock.

Victoria’s Secret & Co. Company Profile

Victoria’s Secret & Co operates as a lingerie, clothing and beauty retailer. It offers bras, panties, lingerie, pajamas, sleep, sport and swim apparel, and beauty products. The company was founded in 1963 and is headquartered in Reynoldsburg, OH.